Description
Owner Financing Available! Step into the charm of historic Davis Shores, where opportunity awaits on this sprawling nearly 3/4 acre parcel, 2.5 lots. Nestled within this enormous lot lies a 1958 concrete block home boasting timeless character with 2 bedrooms, 1 bath & hardwood floors. On the second lot, 72 Coquina Ave is a 2-car garage with a 2 bed/1 bath apartment above it, both of these are currently yielding a rental income of $3175 a month. Beyond its income potential, the true gem lies in the land itself, offering ample space for visionary development. Picture the possibility of crafting not just one, but potentially multiple new residences, capitalizing on the prime location and ample space for extra parking and expansive homes. Davis Shores has favorable short-term rental regulations allowing for a minimum 7 night stay, ideal for maximizing short term rental income. Stay informed with detailed capacity regulations outlined in documents provided by the City of St. Augustine. Raised AC units, house is 2017, apartment 2018 & hot water heater 2018. Roof is over 20 years old on both structures. Possibility of owner financing with a 30% or higher down payment, subject to credit check and competitive rates reflecting current market conditions. Owner financing available with 20-30% down & other conditions. Located in close proximity to historic downtown St. Augustine, Anastasia State Park, the iconic lighthouse, and more, this property has the allure of coastal living paired with lucrative investment potential. Embrace the opportunity to shape the future of this beautiful neighborhood. Click on Virtual tour for video walk through of this properties exterior.
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4BEDS
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0.72ACRES
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2BATHS
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01/2 BATHS
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1,820SQFT
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$346$/SQFT
School Information
Description
Owner Financing Available! Step into the charm of historic Davis Shores, where opportunity awaits on this sprawling nearly 3/4 acre parcel, 2.5 lots. Nestled within this enormous lot lies a 1958 concrete block home boasting timeless character with 2 bedrooms, 1 bath & hardwood floors. On the second lot, 72 Coquina Ave is a 2-car garage with a 2 bed/1 bath apartment above it, both of these are currently yielding a rental income of $3175 a month. Beyond its income potential, the true gem lies in the land itself, offering ample space for visionary development. Picture the possibility of crafting not just one, but potentially multiple new residences, capitalizing on the prime location and ample space for extra parking and expansive homes. Davis Shores has favorable short-term rental regulations allowing for a minimum 7 night stay, ideal for maximizing short term rental income. Stay informed with detailed capacity regulations outlined in documents provided by the City of St. Augustine. Raised AC units, house is 2017, apartment 2018 & hot water heater 2018. Roof is over 20 years old on both structures. Possibility of owner financing with a 30% or higher down payment, subject to credit check and competitive rates reflecting current market conditions. Owner financing available with 20-30% down & other conditions. Located in close proximity to historic downtown St. Augustine, Anastasia State Park, the iconic lighthouse, and more, this property has the allure of coastal living paired with lucrative investment potential. Embrace the opportunity to shape the future of this beautiful neighborhood. Click on Virtual tour for video walk through of this properties exterior.
© 2024 St. Augustine & St. Johns County Board of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is believed to be accurate but not guaranteed by the MLS or Danielle Fraser Real Estate | Berkshire Hathaway Home Services. Data last updated 2024-10-04T07:31:03.66.